Washington, D.C., CFOs Expect Increased Hiring In Next Six Months

Survey Finds 58 Percent of Local Companies Experiencing Recruiting Challenges

Mar 16, 2016, 08:00 ET from Robert Half

WASHINGTON, March 16, 2016 /PRNewswire/ -- Washington, D.C., executives expect professional-level hiring to increase in the next six months, according to the just-released Washington, D.C., Professional Employment Forecast from Robert Half. Eighteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up four points from the previous six-month period. Another 68 percent plan to hire only for open roles.

CFOs were asked, "What are your company's hiring plans for full-time, professional-level employees in the next six months?" Their responses:


March – Aug. 2016

Sept. 2015 – Feb. 2016

Expanding – adding new positions

18%

14%

Maintaining – only filling vacated positions

68%

69%

Freezing – not filling vacated positions or creating new ones

12%

15%

Reducing – eliminating positions

2%

2%

Don't know/no answer

0%

0%

 

View an infographic featuring the survey results.

"Companies are competing with numerous organizations for a handful of highly skilled candidates," said Josh Howarth, senior regional president for Robert Half. "The demand for accounting and technology professionals continues to increase, particularly in the nonprofit, government contracting, healthcare, hospitality and construction industries."

Recruiting Challenges
Fifty-eight percent of Washington, D.C., CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 54 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-nine percent of Washington, D.C., executives said it's much more challenging or somewhat more challenging to find skilled candidates for finance and accounting positions today compared to three years ago.

Business Confidence
According to the Professional Employment Forecast, Washington, D.C., CFOs are optimistic about company growth. Ninety-five percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up one point from six months ago.

About the Professional Employment Forecast
The Professional Employment Forecast was developed by Robert Half, the world's first and largest specialized staffing firm, and conducted by an independent research firm. The local results reflect a two-period rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Washington, D.C., area with 20 or more employees. Executives were asked about their hiring and business outlook, including plans to add professional-level employees in areas such as accounting, finance, human resources, administrative, legal, marketing and information technology.

About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The Menlo Park, Calif.-based company has more than 330 staffing locations worldwide and offers online job search and management tools at roberthalf.com. For additional career and management insights, follow roberthalf.com/washington-dc/blog.

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SOURCE Robert Half



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